Flat 10, Warbreck Court, Warbreck Hill Road, Blackpool, Lancashire

Description

Vacant Two Bedroom Ground Floor Flat. The property comprises of Hallway, living room, kitchen, bathroom and two bedrooms. A secure communal entrance leading to the flat entrance on the ground floor.

Accommodation

Hallway, living room, kitchen, bathroom and two bedrooms.

Location

Located a short walk from Blackpool promenade, well placed for transport links and access to local attractions.

Tenure / Property Information

Investment Analysis

Five completed sales recorded at Warbreck Court range from £77,000 to £95,000, with the latest at £93,000 on 18 September 2025. As the evidence confirms the same building, flat/maisonette type and leasehold tenure but not identical unit condition or specification, £93,000 is used as the base GDV, with £77,000 low and £95,000 high scenarios.

Investment Snapshot

Strategy Recommendation

Proceed only after reviewing the legal pack, confirming the service charge and inspecting condition. The guide appears below the supplied building comparables, but absent rental, works and full-cost evidence makes a firm investment strategy premature.

Works Required

No specific defects or refurbishment scope are evidenced. The flat is recorded as EPC Rating E, but any improvement requirements and costs require inspection and review of the legal and property information.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the £70,000 guide, the property is below the supplied completed-sale range, and 75% of the £93,000 base GDV is £69,750. However, refurbishment costs, service charge, legal disbursements and finance costs are unknown, so cash left in and overall BRRR viability cannot be calculated.

Buy-to-Let Analysis

BTL analysis cannot be established because no sufficiently specific rental comparable or auctioneer rent estimate is supplied. The unknown service charge also prevents a reliable net-cost assessment.

Flip Analysis

The supplied evidence indicates a base resale value of approximately £93,000 against the £70,000 guide, but no refurbishment allowance, buyer costs beyond the £3,600 minimum administration charge, legal disbursements or selling allowance can be fully quantified. A reliable flip surplus therefore cannot be calculated.

Investor Risks & Due Diligence

• Service charge amount is not stated.

• Current EPC rating is E and any required improvement works are unknown.

• No sufficiently specific rental evidence is supplied, preventing yield analysis.

• Additional legal-pack disbursements, search fees, seller-cost reimbursements, legal fees and transfer fees may be payable.

• The property is vacant and its internal condition is not evidenced.

• Comparable sales are for the same development but are not confirmed as the identical flat or identical specification.

Recommendation

Proceed only after reviewing the legal pack, confirming the service charge and inspecting condition. The guide appears below the supplied building comparables, but absent rental, works and full-cost evidence makes a firm investment strategy premature.

Strategy Rating

Analysis Confidence

There are several relevant completed sales in the same development, but unit-specific condition, service charge, rental evidence, refurbishment costs and full auction disbursements are unavailable.